I invested Rs 5,500 per month through SIPs for Rs 2,000 in Kotak Select 50, Rs 1,000 in SBI Bluechip and Rs 2,500 in ICICI Pru Focused Bluchip. Please guide me which MF should I continue and which I should stop investing in. Should I invest in so many funds?
Rakesh Ranjan, Patna
All the funds that you are investing in are good, and are diversified equity funds. You can continue investing in them through SIPs for the long run. If there is a possibility – you should club the Bluechip funds into one than putting your money in two of them for the amount that you are investing every month. Too many funds in a portfolio duplicate the holdings and add to paperwork too, it would be in your interest to assign a financial goal to the investment you are making for a clear alignment of the investment to the goal that it is meant to achieve to derive the maximum advantage from the SIP investments that you are making.
